E-assessments – A Big relief for salaried taxpayers
- Blog|Income Tax|
- 475 Views
- 2 Min Read
- By Taxmann
- Last Updated on 5 January, 2021
10 things to know about e-Assessments:
1. Every taxpayer is required to furnish details of his income to Income-tax Dept. by furnishing Income-tax Return (ITR). The Income-tax dept. examines the correctness of ITR filed by taxpayer and this process of examining ITR is called ‘Assessment’ under the Income-tax Act. During the assessment, taxpayer is given an opportunity to substantiate his claim of income, loss, expenses, exemptions etc. as declared in the ITR with the help of convincing evidence by visiting the Income-tax office in person.
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